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Proceeds from Notes Payable On September 1, Bella Salon Company issued a 30-day note with a face amount of $93,600 to Hoclocks Hair Products Company

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Proceeds from Notes Payable On September 1, Bella Salon Company issued a 30-day note with a face amount of $93,600 to Hoclocks Hair Products Company for merchandise Inventory. Assume a 360-day year. Determine the proceeds of the note, assuming the note carries an interest rate of 7%. nerermine the oroceeds of the note, assuming the note is discounted at 7%

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